17. it's a simple ask, African nations should negotiate better trade terms with the West or Africa will lose her educated, young middle class.
Visa Lottery is not done because the West wants diversity, its to attract a "low cost" educated workforce from the "third world"
16. I make a controversial statement in this but the only difference between the slave trade and this new migration of Africans to the West is its "voluntary" nature of it.
However make no mistake, the West is again exploiting Africa's young middle class
14. Long term, the ONLY region that will grow is Africa, because of demographics. Technology advances in the west can boost productivity but humans still need to eat burgers and wear Nikes.
15. Africa must start to value its younger population, it's an asset.
13. Also eliminate fees on ALL remittances from the West to Africa.
Charging fees on financial flows out of the West to Africa and the developing world by Western Financial Services firms is morally repugnant. It's a sin.
11. Africa must seek a way to "tax" the West for taking her middle class
12. Does not have to be payments can be a continent-wide "AGOA" "African Growth & Opportunity Act), where exports to the EU & North America are locked at 2% or less
6. Migration from Africa to the West will accelerate.
7. Migration means less Middle Class to tax in Africa
8. More migrants to West, create demand in the West
9. More demand, takes West out of a recession
10. Africa recovers slower, loses her best
What happens if the US slides into a recession?
1. EU and Asia also slide into a recession
2. Africans living abroad will send less $ home
3. Remittances and FDI/FPI flows to Africa will fall
4. African consumption falls, debt and deficits rise
5. Defaults on Bonds?
Organizing a twitter Space this weekend to talk generally about volunteering for #PeterObi.
Looking for speakers from northern Nigeria who have set up volunteer cells or interested in doing so to lead a particular part of the conversation. Please let me know.